FINANCIAL SERVICES AGENCY

JBA Chairman Warns Against Divesting From ‘Brown’ Companies

By Ranamita Chakraborty | 06/07/2021

JBA chairman Makoto Takashima says stopping funding for “brown” companies could choke off investment necessary to achieve carbon neutrality.

AML / KYC

Japan to Form Cross-agency AML Team Following FATF Review

By Editors | 05/07/2021

A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.

AML / KYC

Binance Deploys New AML Solution Amid Regulatory Pressure

By Ranamita Chakraborty | 01/07/2021

Binance has deployed a new AML compliance solution in the face of a ban in the UK and warnings from Japanese and Thai regulators.

ESG / Sustainability

Japan Panel Offers Recommendations on Sustainable Finance

By Sanday Chongo Kabange | 22/06/2021

The panel says the FSA should introduce a code of conduct for ESG data providers and develop an information platform for ESG-related bonds.

Market Infrastructure

Japan FSA Considers Sanctioning Mizuho for System Glitches

By Ranamita Chakraborty | 15/06/2021

A new report from a third-party committee has attributed the bank’s system failures to poor corporate culture within Mizuho Financial Group.

AML / KYC

Japan FSA Sets Hard Deadline for Full AML/CFT Compliance

By Editors | 07/06/2021

The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.

Market Infrastructure

Japan to Remove Firewall Between Banking, Securities Operations

By Editors | 04/06/2021

The FSA is reportedly working on rule changes that would allow banks and securities firms within the same group to share customer data.

Securities / Derivatives

Japan Considers Allowing SPAC Listings – Report

By Editors | 02/06/2021

Japan may allow SPAC listings on its markets as part of its growth strategy as early as next year.

AML / KYC

Addressing Sanctions Risk in Maritime Trade

By Manesh Samtani | 02/06/2021

Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.